Defiantly backup. You should also look into exporting your emails if your using mail or entourage since not all upgrades will upgrade your mail program on the mac side.
While your PC should be fine I've seen rare cases where after an upgrade on the OS, the boot camp will not boot.
All in all your upgrade should go smoothly and only affect your mac side and leave your PC intact but best to have a backup rather than wishing one was made.